Notes to SEFA
Title: Community Facilities Loan Program
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity
of Richardton Health Center (Health Center) under programs of the federal government for the year ended June
30, 2023. The information is presented in accordance with the requirements of Title 2 U.S. Code of Federal
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal
Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the
Health Center, it is not intended to and does not present the financial position, changes in net assets, or cash
flows of the Health Center.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. When applicable, such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain
types of expenditures are not allowable or are limited as to reimbursement. No federal financial assistance has
been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: The Health Center does not draw for indirect administrative expenses and has not elected to use the 10% de
minimis cost rate.
Expenditures reported in this Schedule consist of the beginning of the year outstanding loan balances plus
advances made on the loan during the year, if applicable. The outstanding balance as of June 30, 2023 was
$4,562,349.
Title: Provider Relief Funds and American Rescue Plan (ARP) Rural Distribution
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity
of Richardton Health Center (Health Center) under programs of the federal government for the year ended June
30, 2023. The information is presented in accordance with the requirements of Title 2 U.S. Code of Federal
Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal
Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the
Health Center, it is not intended to and does not present the financial position, changes in net assets, or cash
flows of the Health Center.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. When applicable, such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain
types of expenditures are not allowable or are limited as to reimbursement. No federal financial assistance has
been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: The Health Center does not draw for indirect administrative expenses and has not elected to use the 10% de
minimis cost rate.
The Health Center received amounts from the U.S. Department of Health and Human Services (HHS) through the
Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution (PRF) program (Federal Financial
Assistance Listing #93.498). PRF expenditures were recognized on the Schedule when the expenditures were
included in the reporting to HHS for Period 4 and Period 5, defined as payments received between July 1, 2021,
and June 30, 2022. The total amount of PRF received of $35,250 was included on the Period 4 report submitted
to HHS, that amount is shown on the accompanying Schedule.
The total amount of PRF expenditures included on the Schedule requires management to make estimates and
assumptions that affect the reported amounts. Accordingly, such expenditures are considered a significant
estimate. Estimates and assumptions may include reducing actual expenses by amounts that have been
reimbursed or are obligated to be reimbursed by other sources and estimating marginal increases in expenses
related to coronavirus. Actual amounts could differ from those estimates.